the mood back home in south africa is rightly concerned. you are talking about a minister of finance who has done an outstanding job since he came into office in december of last year. south africa's market has .utperformed others dollar equities and so on until this latest news of broke. you are talking about a person with impeccable credentials. royalty in the liberation movement. from the point of view of the public, it is of great concern to see one arm of the state attacking me finance minister in an issue which is seen to be theer frivolous in terms of charges. we will leave that to the lawyers and the court to decide. that is one of the good things about south africa, we have robust institutions. one of the political agendas driving this attack on the minister, why would you not let him do his work and keep that to going? >> what is the price tag? how much further do we see stocks, bonds, the rand declining. >> the rand is already down. back of this news, the rand has gone back to 1440. i do not believe the rand will stay at 1440 if

up next, preparing to exit south africa. we'll speak to one of the holding companies. ♪ guy: welcome back. you're watching "on the move." 30 minutes into the trading day. here is the picture of the markets across europe. london playing catchup today. dax up 4%. cac outperforming. 4,466. ryan: let's kick it is off with royal dutch shell. after its acquisition of b.g., up just a tab today after announcing they are going to sell some of their assets in the gulf of mexico. shell the biggest producer of oil and ghass the gulf of mexico. also suffering from nom not so great profits last quarter. we saw the worst profit in 11 years. shell trying to improve that. selling some of the assets that don't give the best returns. this is one of the case where is you have an oil service company saying they have no bad newsened that in market that is good news. ares up, ocado finally, some takeover speculation wal-mart, the company that the u.s. retailer that owns in this country might be interested in buying ocado. not the first time we h

south africa votes in local elections today. those are being seen as a test for the controversial president jacob zuma and the ruling party. ♪ we will start in syria, where rebels and activists are accusing the government of using toxic gas on civilians. , dozens ofear aleppo cases of breathing difficulty have been reported. the syrian government is accusing a terrorist group of another gas attack that killed five in aleppo. this comes one year after the un security council established a deadline to find out who was behind previous gas attacks in syria, a deadline that runs out next week. >> this footage appears to show patients in a hospital just south of aleppo struggling to breathe. victims, rebels in the country say it was a chemical weapons attack by the syrian government, claims rejected outright by damascus. washington says it cannot currently independently verify the allegations, but it takes them seriously. >> we have long expressed our condemnation of chemical weapons on civilians. it violates the chemical weapons co

it will be historic the people of south africa. i think we are feeling the winds of change all across the country. even today, casting their vote, it is a powerful ballot that we can choose our government. we are feeling confident going into this last day. reporter: the unfulfilled promises may be dimming the anc's appeal, but this could be a referendum on jacob's presidency. he survived an impeachment vote in april after the highest court added he had acted illegally after refusing to repay state funds used to renovate his home. the next big tex for his leadership will not be until the national elections in 2019. brent: operations are getting back to normal at one of the busiest airports after a spectacular crash and rescue. an emirates boeing 777 crash-landed at a dubai airport and burst into flames. all 300 passengers and crew were able to escape safely apart from minor injuries. not a single agile two. but one firefighter died tackling the blaze. as more. reporter: thick black smoke from the boeing 777 after the crash landing.

reporter: recent polls suggest national congress, south africa's ruling party, could lose control of several cities, including johannesburg, port elizabeth and the capital, pretoria. this would be a historic defeat for the party formerly led by nelson mandela. the a.n.c. has been in power since the end of apartheid in 1994. its main rival is the democratic alliance, south africa's main opposition party for two decades. >> we are here to say, the is only an obstacle. we have to remove them out of the way so we can fight the number one battle of south africa, job creation. reporter: many voters see the d.a. as a wide party, prompting some to turn to the economic fighters party. -- are going to take reporter: the vote is seen as a major test for president zuma. the a.n.c. performs badly, it to step downhim before his term initially -- 2019.ally ends in sudan facing a huge humanitarian crisis, the warning that the number of people fleeing the country to uganda in the past 10 days has more than andled, most of them women children. reporter: mary john keeps close watch over her infant son.

and, an effort to bridge a cultural gap in south africa through ballet. next, on pbs newshour weekend. >> pbs newshour weekend is made possible by: bernard and irene schwartz. judy and josh weston. the cheryl and philip milstein family. the john and helen glessner family trust. supporting trustworthy journalism that informs and inspires. sue and edgar wachenheim, iii. barbara hope zuckerberg. corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we are your retirement company. and by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. from the tisch wnet studios at lincoln center in new york, hari sreenivasan. this is pbs newshour weekend. >> sreenivasan: good evening and thanks for joining us. claims and counterclaims in syria today in the battle for aleppo, where 300,000 residents are trapped but there's little doubt that fighting for full control of the divided city is ferocious, and that rebel forces have made gains.

next we are going to cross to south africa. this is where the party that was founded by nelson mandela, the anc, has suffered its egg is political defeat since coming to power at the end of apartheid. urban south africans have knocked the ruling party off its perch in three cities. this is -- this is as they vent their anger over high unemployment and the lack of basic services. our correspondent has more on the election of the opposition party that is picking up votes. on course torty is see its worst election results since the fall of apartheid. the most symbolic gain was in nelson mandela bay, which is named after the anc party founder. the city was at the heart of the historic anti-apartheid struggle . the party leader says people who voted for the democratic alliance want prosperity. if you ask people in mandela bay what they voted for, i think that says our message got through. a lead are also close to in the capital. the election would be a major boost for the party, which took 26% of the votes. but the anc is still hold

orphans and its impact in south africa. taro mitamura, nhk world. >>> indonesia's fight against poverty is one of its major social challenges. a nonprofit organization is trying to help homeless children and those living in squalid conditions to find a way to a better life using an unlikely resource. nhk world's yusuke ota has the details. >> reporter: thanks to the economic growth, you can see a lot of cars in jakarta. but on the other hand, you can still see a lot of street children. about 34,000 children are said to be on the street in indonesia. these young people were once among them, but now they've seized on opportunity for a better future from trash. the nonprofit organization helps them make new products from the things people throw away. the ngo set up a workshop four years ago. interested childldren can recei an 18-month training course on how to fashion material goods from glass bottles and other materials. they hope the training will provide them with the skills to stand on their own. their products are on disp

there are now about 2.5 million aids orphans in south africa, but public support is limited. and grandmothers like this one often find it hard to make ends meet. >> translator: i work all day long. when i go to bed, my body is hurting, and i'm exhausted. >> reporter: at the olympics, she can take her mind off the hardship of her life. singing and dancing with new friends. >> translator: i'm very happy to be here. i want to come back next year definitely. >> reporter: despite a festive atmosphere, the go go olympics plays another more serious role to raise the issue of aids orphans and its impact in south africa. reporting for nhk world from durban. >>> a typhoon continues to linger off okinawa. robert speta has that and more in the weather outlook. >> yes, this storm system, we have been tracking this for over a week now. it started towards the southeast of tokyo, then it moved towards the southwest and really now it is just lingering here hopefully at its southern-most point before it starts to turn back to the northeast. that's what we'll likely be seeing next week. but rig

the anc has managed to hold onto 54% with support in rural south africa. that urban men saved the ruling party has failed to a tackle -- to tackle rising unemployment. battle toes an uphill win back support for the general election in 2019. to the dayhree weeks after an attempted coup in turkey and president wretched tie up erdogan -- president recep tayyip erdogan -- the man accused of being behind last month's failed military takeover. tens of thousands of people have already been arrested as part of a nationwide purge. still cracking down on foot to a golden -- on fethullah gulen's record. claimsmer ally says he -- former ally claims he had nothing to do with it. condemnedrepeatedly the coup attempt in turkey and had no knowledge. reporter: president erdogan says he will show no mercy to any organization. >> perhaps the business world is where they are strongest. a project cannot be successful if it is not financed. we are determined to cut off all the business ties come on the revenues, and all the connections of this organization the revenues,es, and

i went to rwanda in the south africa to really think about this framework. ultimately what i found again and again, and also included in the study thati i looked at is the idea that our criminal justice system as it stands now is not benefiting victims as it should. it is actually the fundamental problem. victims are not giving their needsctct met. they're not at the center of the system sending away from prison which we assume will be feelingn for the victims is more often than not not feeling for that victim. so i actually think it's in common upon us to think about ways to heal the victim and to allow better opportunity to be served by criminal justice system that is not doing a good job that now. >> host: incarceration nation is the name of the book. lee is calling in from new orleans. go ahead. >> caller: i was wondering what her position would be about medical icing drugs, similar to what has happened in portugal whether that could have an impact on the incarceration rates being so high in the united states. >> host: before we get her answer, what's yo

we go to south africa where rhinos are still at the mercy of poachers. their horn is more valuable than gold. what can be done to put a stop to this illegal trade? in kenya, we learn about bee populations that protect elephants. it might sound like a joke, but it's not. but first we go to kazakhstan, home to the saiga antelopes. recently, the species was nearly wiped out. we went to find out why. it's been a year since news emerged of the agonizing deaths suffered by hundreds of thousands of saiga antelopes in the kazakhstan steppes. the cause -- an aggressive bacteria. that much was clear. but why was the damage so extensive? a group of researchers are determined to find out, and our reporter inga sieg and her cameraman axel warnstedt joined them on their quest. but it's difficult to locate the few remaining animals. the antyn dala steppe is vast, and on top of that, saiga antelopes are very shy animals. inga: these researchers have been on the go for days, looking for saigas across the vast grasslands of the kazakh steppe. steffen: the greatest challen

south africa is intrinsically tied to china given the commodities space. if you are thinking you are trying rand because of the election results, the news out of china is almost unpredictable and criticized 20 quickly. -- and could sideswipe you quickly. what they are doing at the moment seems to be holding things in limbo. the politicaly: battle we are seeing in asia will be an interesting dynamic through the second half of the year. the government starting to ratchet up the political territorial pressure they want to put on china. if china feel threatened, it could act as a cover for additional stimulus locally. anna: we have not talked oil price either. we have seen a change in the story in the last few weeks. we are still above $41. but down by 1% compared to the previous close. we'll coming back on from canada and iran. rings are going up in the united states. which is oil due to the global outlook? >> we have seen the glut in oil start to pause. a glut in we have that, the demand for oil is taken lower. the supply dynamics still means anything above

that was earlier today from cape town, south africa. david: still ahead, our trade of the day, 28% so far this year. this is bloomberg. ♪ frome: david joins me chicago. aboute talking earlier how it has been a little bit quiet since the month of august. david: if you are selling premium coming or doing alright but the volatility has not been their head of any of these traits. -- been there ahead of these traits -- trades. vonnie: maybe it is time to change strategies to tomorrow? david: what we're looking at now is you have got a little bit of data coming in the form of payrolls on monday and another quiet week in terms of the labor day holiday and after that, another week and then we will have the ethel lance the meeting. we hope we will get a little volatility there because ahead of this, if you look at friday's to 1492, we213 traded within that range all week so i think you have got to look a little further out to finally get some of the volatility back in the market. vonnie: it seems like there was a time when we could not get too

south africa's richest man weighs in on the brexit. he says it is a mistake in an exclusive bloomberg and review. -- in an exclusive bloomberg interview. manus: welcome to this friday edition of "countdown." i'm manus cranny. the markets are moving and the equity markets are causing for thought. what does this mean? have a look at the dollar-yen. the volatility of the nikkei is dropping precipitously down. as we seen yen rise against the dollar. yothe yen is up to its fourth week of gains. the yen is the strongest currency in the g-10. what are the traders saying? buy the dips in yen and the rallies in dollar. the fx market literally saying japan, if youank of are going to intervene in this market, show us your hand. wti are both down, but the dollar has a slight rally, up .8%. it has had its worst two weeks on the down side since april. williams suggests that september is in play. 0.5%.llar index is down above 70 forp nine days in a row. this emerging market index is really taking hold. we are trimming the weekly gain to just .2%. lla

everyone blames south africa, all the vuvuzelas! do you think all our soccer games sounded like that before the world cup? like we turned on the tv and it was bwaaaah, bwaaaah, bwaaaah -- and we were like, this is a good game, i love that sound! do you think we enjoy the sound of a trillion bees farting? no. we never had that. we were responsible vuvuzela blowers before the rest of the world came. every game you go to in south africa, five guys are blowing vuvuzelas. then the world cup comes and everyone shows up and says, let's blow these forever! and once again, white people are appropriating black music! (applause) that's what happened there and every single time. every single time foreigners come to africa, they (bleep) us up. you take simba out of the jungle and put him in a hollywood movie, now he's married to a woman in beverly hills and the jungle has no king! come home, simba, we need you! we'll be right back! these new fruit of the loom breathable underwear are perfect. they need a name just as perfect. the pant snorkel. b

alix: political risk front and center in south africa. article,mberg news saying the threat that the finance minister will no longer be able or willing to continue his position is now real. expect further volatility today and the risk bias is now clear. joining us now from johannesburg, amogelang mbatha joins us now. we do know in the latest developments with the firm is that an auditing has confirmed that it is conducting a forensic probe into deals that were commissioned while the minister was the head of the south african revenue service. revenued up the tax agency between 1999-2009. these reports coming after he was summoned by the special police unit to answer allegations that he established a road unit to spy on companies and politicians. that is due to happen on thursday. alix: we have seen the market reaction. , being theordon finance minister, why is he so important? amogelang: this is the man who steered south africa through a recession and has been at the forefront of a campaign to engage with business and agencies to possibly

the south africa a conley was estimated to have grown 1.3% last year. less than half the rate for all of so harris -- for all of sahara africa. the party is nervous. you can read more about south on the bloomberg. that is your global business report. head to bloomberg.com for more stories. mark: the rand is continuing to weaken against the dollar amid political drama. the currency has been slumping since news emerged that -- is being linked to an investigation . regarding tax collection irregularities. and earlier, goldman sachs said they could buckle if he is removed from his post. is --the prime minister if the finance minister is arrested you will see the brand buckle. it is potentially a watershed in terms of the balance of power there. it may well be that we stay with this uncertainty for a while. let's get more on the situation. mbatha.now to amogelang what is the latest in the probe? good afternoon. what we know is that the finance minister has made it clear that he wants to carry on with his mandate. the mandate of steering the economy three dif

everyone blames south africa, all the vuvuzelas! do you think all our soccer games sounded like that before the world cup? like we turned on the tv and it was bwaaaah, bwaaaah, bwaaaah -- and we were like, this is a good game, i love that sound! do you think we enjoy the sound of a trillion bees farting? no. we never had that. we were responsible vuvuzela blowers before the rest of the world came. every game you go to in south africa, five guys are blowing vuvuzelas. then the world cup comes and everyone shows up and says, let's blow these forever! and once again, white people are appropriating black music! (applause) that's what happened there and every single time. every single time foreigners come to africa, they (bleep) us up. you take simba out of the jungle and put him in a hollywood movie, now he's married to a woman in beverly hills and the jungle has no king! come home, simba, we need you! come home, simba, we need you! we'll be right back! tens of thousands of miles, taken years of hard work, and more energy than i knew i

everyone blames south africa, all the vuvuzelas! do you think all our soccer games sounded like that before the world cup? like we turned on the tv and it was bwaaaah, bwaaaah, bwaaaah -- and we were like, this is a good game, i love that sound! do you think we enjoy the sound of a trillion bees farting? no. we never had that. we were responsible vuvuzela blowers before the rest of the world came. every game you go to in south africa, five guys are blowing vuvuzelas. then the world cup comes and everyone shows up and says, let's blow these forever! and once again, white people are appropriating black music! (applause) that's what happened there and every single time. every single time foreigners come to africa, they (bleep) us up. you take simba out of the jungle and put him in a hollywood movie, now he's married to a woman in beverly hills and the jungle has no king! come home, simba, we need you! come home, simba, we need you! we'll be right back! there are a lot of phone deals out there. but it's not a good deal if it's on a bad

i was in a private school in south africa. you're born into whatever you're born into. the key is what you do with it. for me, you're asking have people booed me, no, because in my generation, the first thing i did was vote to release nelson mandela. as a white south african, i noticed this in america, there is actually -- i think a lot of white people really haven't dealt with issues that have happened in the past, whereas in south africa, i as a white south african, i really did what i could, you know what i mean? did something about it? let's talk about the movies. this is what you're in now. >> yes. >> trevor: you came over here. successful. >> african-american. >> trevor: african in america. >> yes. >> trevor: "the hollars," very funny movie. >> yes. >> trevor: you have a great cast. >> i do. it was a really great, great group of people. anna kendrick. martindale, i played john krasinski's brother. >> trevor: a very disturbed brother, looks like. >> he has issues. he has a problem with his family life. he has two daughters which he loves. it was cool for me to play

now to south africa, where the african national congress has recorded its worst ever performance in local elections. the anc has admitted defeat in the key battleground of nelson mandela bay, which includes the city of port elizabeth. this report from johannesburg. reporter: the governing anc has been handed its first major election setback since it ushered in democracy in 1994. this is the first time the party of nelson mandela won less than 60%, an embarrassment and a major psychological blow, even though it still commands huge support countrywide. >> there have been other issues that affected the african national congress but broadly, the anc has done well. against all odds. reporter: but infighting, court cases, and a host of corruption scandals, some involving president jacob zuma, are widely seen as the reason for the anc's weakening support. >> what i would say to anc is they need to learn from their opposition, they need to take it the citizens of africa very seriously. reporter: the municipal election results show that the anc's power and influence is slowly declining. the party

his ship was lost in the dry official records of cape town, south africa, which reach back to the 1600 the slave x project had been diving into these binders for months when they discovered the st. joseph known in portuguese. it arrived in mozambique island in 1794. the cargo manifest records 1,500 iron bars for ballast and more than 400 slaves bound for brazil. this is a cargo sketch from a paul was an historian of slavery and curator of the smithsonian museum. >> bodies and souls laid side by side with no room to move no, sanitation. many people on these voyages died. >> how long was that journey? >> a journey like the one it took could take up to four or more months. >> this is slavery on a industrial scale. >> from about 1500 through the 19th century, through the late 1800s, we're talking about at least 12 million people. >> off cape town, south africa, the captain of the ship was caught between a violent storm and a nautical chart spiked with warnings. whittle rocks, bellows rock. the ship crashed. 212 slaves were killed. there was an investigation. >> they wanted to have independ

everyone blames south africa, all the vuvuzelas! do you think all our soccer games sounded like that before the world cup? like we turned on the tv and it was bwaaaah, bwaaaah, bwaaaah -- and we were like, this is a good game, i love that sound! do you think we enjoy the sound of a trillion bees farting? no. we never had that. we were responsible vuvuzela blowers before the rest of the world came. every game you go to in south africa, five guys are blowing vuvuzelas. then the world cup comes and everyone shows up and says, let's blow these forever! and once again, white people are appropriating black music! (applause) that's what happened there and every single time. every single time foreigners come to africa, they (bleep) us up. you take simba out of the jungle and put him in a hollywood movie, now he's married to a woman in beverly hills and the jungle has no king! come home, simba, we need you! we'll be right back! i had that dream again -- that i was on the icelandic game show. and everyone knows me for discounts, like safe dri

how does that leave south africa? >> well, regarding the analysts i spoke to, he mentioned specifically that, yes, he thinks the president's that position is made clear by the fact that he hasn't yet made any moves with regard to the finance minister, who is set to be perhaps put to a test in the weeks coming, but we don't know if that is certain. but they some rumors, are all questions about what his power now is. there is a grapple for power happening within the anc heading into the national elected conference for a new president for the ruling party next year. the local government elections did not help the situation one bit. people are saying perhaps we need fresh blood, to look elsewhere. jacob zuma's power is certainly beginning to wane just a little bit, according to a lot of analysts. they will be an interesting time, but i think he will continue to try to hold, to firmly grip power for the next couple months, but it doesn't look as great. guy: great, thank you very much for bringing us up to speed. let's turn

index i visited nine nations uganda south africa to make that thailand brazil owes trillions singapore and norway. my overall vision was to rethink the fundamentals of the criminal justice systemm by way of visiting otherr countr countries on which the prison system relies and to broaden the conversation around mass incarceration. want to broaden that to include especially the impact of the american system in these countries each represent a particular issue a one to explore a of solitary confinement or prisoner reentry to all of the arts, then justice that is a fundamental theme in rwanda. >> what is that prison about? >> what is getting attention lately it is very progressive as a society in general but coming to theomes t welfare in norway the principle of morality someone who is in prison in norway loses the liberty saly from social welfare when they come home they arere to be fully reintegrated into their society in that fos resulted in a very progressive sounding prison so they miscalled the open prison model and work the jobs on the outside and then come back to prison to come b

so far namibia has not been as badly affected as neighboring south africa. illegal hunting is driven by the huge demand for rhino horn in parts of asia where it's sold quite falsely as a cure for diseases like cancer. [indistinct chatter] rhino horn is literally worth more than gold in this market. simson: it started off in south africa, and the numbers just rose there until 1,000, 600, i think, a year. [gunshot] if that happened in namia, if they killed 1,000, 600 per year, then that's the end of the rhinos in namibia, actually. narrator: recently, poachers hae moved across namibia and eventually found their wayo kunene. pilot: we are approaching... narrator: as well as surveillance from the air, save the rhino trust ackerare out every week monitoring and photographi black rhino and entering them into a database. they also look out for suspicious vehicles and activities. 30 years ago, there were only 60 black rhinos in kunene. with successful conservation efforts, that tripled. but now, in the last few years, that number has been dropping again because of d

coming from the -- >> south africa is an interesting case. it's sensitive to what happens with the global policy. particularly in the u.s. and europe. it's been benefiting from easy military policy in the last years. also last quarters. recently, getting more ready to hike again, the market under pressure. the key thing is really domestic now. policy risk in general. everything is happening now around the finance minister and maybe the risk that the fiscal policy comes with more pressure and so that's really the thing to watch. that has two sides as well. you could also say it's closer to the point that -- has to leave. it's really a domestic politics to pay attention to. >> the overriding story overall is the first or the next fed hike. whether september or december. we just got back from jackson hole and still wondering when that next fed hike is going to happen. it seems they're complacent when it comes into inflows and equities as well. >> seen strong inflows and it has been to a large extent because of -- about the fed and the ecb and th

we will get analysis from south africa. heated debate going on right now. let us know story, if you know any different. on another story covering daybreak, phibro's ceo, as it were discussing with megan green, shorting u.s. crew and $50. and finally, daybreak folks at how vw plans to fix about 80,000 emissions cheating cars. that is a fluctuation in the msci asian-pacific over the last two weeks, the most muted since 2012. as investors wait to see, janet yellen. and for more on the markets more broadly, nejra joins us. markets coiled like a spring highps, or at least very level anticipation from what might hear from jackson hole. nejra: we are seeing volatility u.s. europe, and asia as well. this is the msci asian-pacific index volatility, taking all elected 2012. because as you say, these fluctuations in the past two weeks have been the most muted in four years. the 10-day volatility level most muted, the gauge at 0.2% on each four days with investors speculating ahead of jackson hole. and trading was light in august with volumes down. now, if we take a lo

. >> sreenivasan: south africa's apartheid era-- when segregation was legal and the white minority ruled repressively-- is remembered as a time of rampant violence and divisiveness. this summer a new photo exhibit showcases the aspirations and private lives that some south africans carved out for themselves amidst the turmoil. "newshour weekend's" ivette feliciano has more. >> reporter: these photographs by s.j. "kitty" moodley are part of an exhibit called "who i am: rediscovered portraits from apartheid south africa," now at the walther collection project space in new york city. in 1957, after being fired from a shoe factory, moodley opened a studio in a working class area and served mostly "non-whites" like himself. in line with his political views-- that's moodley at a rally-- his studio in the 70s and 80s became a safe space for anti-apartheid activists. >> it reminds me very much of african-american barbershops. >> reporter: columbia university professor steven dubin curated the exhibit and spoke to" newshour weekend" by skype from south africa. >> people can come, they can get new

somebody buying property in rio or somewhere in africa, south africa? guest: what is inresting about london is when we asked individuals to tell us where in london they are looking, southbank, and kensington were named. saying something like canary wharf was a little bit of a surprise. historically you would have expected it to be somewhat more traditional in the center of the city. we must remove that canary wharf is home to a significant amount of residential development. a lot of the investors we spoke to come from brand-new cities freed and the stock that is being built comes with modern amenities such as rooftop swimming pools, marble flooring, etc.. someone would have laughed if you had said you have a rooftop pool on a tower in london but quite welld chimes with investors from the gulf. we have seen a lot of sovereign wealth activity on canary wharf and that sends a strong message that they have do in -- done their due diligence. we are seeing more investors falling -- following them into the market. thanks. angie: we will have to go in on that.

so far namibia has not been as badly affected as neighboring south africa. illegal hunting is driven by the huge demand for rhino horn in parts of asia where it's sold quite falsely as a cure for diseases like cancer. [indistinct chatter] rhino horn is literally worth more than gold in this market. simson: it started off in south africa, and the numbers just rose there until 1,000, 600, i think, a year. [gunshot] if that happened in namibi if they killed 1,000, 600 per year, then that's the end of the rhinos in namibia, actually. narrator: recently, poachers havmoved across namibia and eventually found their way t kunene. pilot: we are approaching... narrator: as well as surveillance from the air, save the rhino trust trkers arout every week monitoring and photographinglack rhino and entering them into a database. they also look out for suspicious vehicles and activities. 30 years ago, there were only 60 black rhinos in kunene. with successful conservation efforts, that tripled. but now, in the last few years, that number has been dropping again because of d

. ♪ francine: south africa's richest man is buying british. christo wiese is the chairman of the company's that we generally -- that recently purchased virgin active. bloomberg news spoke to him in an exclusive interview about prospects for business following the brexit referendum, opportunities in africa, and global volatility concerns for businesses. christo: there are lots of things that everybody should be concerned about, the obvious one being this apparent split of terrorism, final and those him , the obviouslism disillusionment of the electorate in some countries with the so-called political elite. those are worrying factors. if you see what has happened in the u.k. with brexit, the possibility that there may be a president trump in the united states, or the problems that europe are experiencing, compared to what? we've got our set of difficulties with which i would much rather deal then with some of the others. happened to be in the u.k. a week or two after brexit. what was very impressive was in how short a space of time the brits man

. ♪ mark: south africa's finance minister says he will not report to the police. he could be arrested any day now. from the more clarity prosecuting authority. he wants to get on with his job. to use his words, let me do my job. this is an ongoing story which we spoke to, our reporter in johannesburg just a few minutes ago. the market reaction has been extended today. the rand is falling against four major currencies. up byjohannesburg just a few mis ago. 1.3%. he is perceived in the marketplace as a safe care of hands when it comes to the economy. david: we will continue to follow this. time now for a look at some of the biggest business stories in the news now. the housing data, sales fell.usly on -- sales were down 3.2% with an annual rate of 5.4 million homes. this is the first time they declined in five months. inventory is still tight and it would take five months to sell out the current supply of houses. bank of scotland has told about 3000 of its clients that times running out. they are global transaction service customers outside of the u.k. and ireland.

that was a future growth's andrew carter in south africa. nejra: the head of the emerging middle east and africa economics says iran has priced out economic risk and could weaken to about -- peter joins us from london. i have been looking at the rand against the dollar on the bloomberg and it did not actually even hit 17 back when we had the root in january. we have others calling for the rand to hit 19 per dollar. could it weaken even further than 17? mr. montalto: it is possible. i think the real problem is trying to parse out the different scenarios about what the political story really is. if we take a massive step back. under any scenario we end up --matt: can i interrupt you for a minute? goes that is if he an automatic downgrade from s mp. matt: i want to interrupt for a minute and you will be interested to hear this. brazil has indeed impeached doma recess. -- dilma rousseff. this vote has been dragged out. overlle -- will take officially now until 2018. this is not unexpected and let me throw a curveball at you. what the you think a

south africa's richest man says the brexit vote was a mistake. with a net worth of $7.7 billion, he says he is ho impressed with how the government pulled itself together. britain's town and spoke exclusively about politics and global influence. >> there are lots of things that everybody should be concerned about. the obvious one being this apparent split of terrorism, obvioustalism, the disillusionment by the electorate in some of the developed companies, the so-called political elite, those are worrying factors. you see what has happened in the u.k., the possibility that there may be a president trump in the united states, all the problems that europe is experiencing. compared to us we have our difficulties,, with which i would much rather deal, then with some of the others. i happen to be in the u.k. a week or two after brexit, and what was very impressive was how short a space of time the brits managed to steady the ship. new prime minister, new ministers with apparently excellent credentials, and making the right noises. the ship is sailing.

we're live in south africa with the very latest. your car got rear-ended and you needed a tow. did your 22-page insurance policy say, "great news. you're covered?" no. it said, "blah blah blah blah..." the liberty mutual app with coverage compass™ makes it easy to know what you're covered for and what you're not. liberty mutual insurance. youthat's why you drink ensure. sidelined. with 9 grams of protein and 26 vitamins and minerals. for the strength and energy to get back to doing... ...what you love. ensure. always be you. >>> hello, everyone, i'm shannon bream. moments ago bill clinton released a statement about the clinton foundation and his role there, regarding criticism while hillary clinton was secretary of state. >>> plus the clinton campaign releasing ads across the battleground states except for two. >>> a federal judge in texas temporarily blocked the obama administration's transgender bathroom room. on "america's election headquarters," minutes from now. >>> fox news is learning new wreckage has washed up on the south african coast that could be from the doomed m

south africa has such government issues. the lender is no longer lending to state run companies because of the division between the finance minister and that may government. you also have brazilian impeachment so do you buy into individual countries? >> you should take a broad-based approach to individual countries. this yearown 12% while russia is up 17. the more muted outlook for the dollar and the downside risk being reduced in china is what made emerging markets more attractive earlier this year. i am showing you it's happening in terms of asset classes and it looks that even fx is coming off, the bond market still continues to outperform. which asset class and the emerging market is a buy? we like the asset market the best. there has been a negative correlation with the dollar that has helped performance of all emerging markets. the emerging markets have had quite are run. we spoke with an analyst and makes a big that's in the emerging market. he does not hedge so what is your strategy when you get it emerging markets?

his ship was lost in the dry official records of cape town, south africa, which reach back to the 1600 diving into these binders for months when they discovered the st. joseph known in portuguese. it arrived in mozambique island in 1794. the cargo manifest records 1,500 iron bars for ballast and more than 400 slaves bound for brazil. this is a cargo sketch from a paul was an historian of slavery and curator of the smithsonian museum. >> bodies and souls laid side by side with no room to move no, sanitation. many people on these voyages died. >> how long was that journey? >> a journey like the one it took could take up to four or more months. >> this isla industrial scale. >> from about 1500 through the 19th century, through the late 1800s, we're talking about at least 12 million people. >> off cape town, south africa, the captain of the ship was caught between a violent storm and a nautical chart spiked with warnings. whittle rocks, bellows rock. the ship crashed. there was an investigation. >> they wanted to have independent verification. >> interviews with survivors have survived. >>

south africa negative. turkey is more interesting with solid credit fundamentals, but equally some risks were down. i think the lesson here -- as an economist you want to see this behavioral shift to be further off benchmarks. manus: we will see what the shocks are. thank you very much. head of emerging markets at nomura international. tech.ne: up next, we will post brexit -- will the post brexit london lose its place as technology hub? this is bloomberg. ♪ caroline: direct is part -- zurich is playing catch-up on the tech front; 25 large companies are backing one of the largest multi-corporate international technology accelerators that launches today. for more, we are joined in zurich by ubs's head of innovation, veronica languor. thank you for joining us. why is zurich playing catch-up? why hasn't it invested in start ups thus far? >> good morning. it's not so much that we have been lagging or are behind; i think you will see that we have been traditionally driven a lot by large banks. whereas other com

i also want to have more animation in africa, especially in south africa, where teams of people, students they can find jobs. >> by thinking and acting locally, the creators of "jabu's jungle" are encouraging south african young people to dream. >> it is time now to get a check of the weather with our meteorologist robert speddo. it's a nice, sunny day in tokyo, but that rain has now moved on to northern japan. how sit affecting people there? >> this is going to continue to bring some rough weather through tohoku through hokkaido. we're going to still see some scattered showers out here. taking a look at the satellite her, this is our tropical storm that approached overnight. it was actually relatively weak or we're starting to see this reintensify and bring in still some gusty winds out there, up to 85 kilometers per hour, even reported overnight there at tokyo's airport. we saw some delays, even a little bit closer to the coast, 92 kilometer per hour winds and look at that, 7 meter high surf. let's see some video we have coming out of this area. this is in ibaraki prefecture. this is a

a spokesperson for correctionalselveses in south africa says he was hurt when he fell out of bed. the former track star is serving a six-year sentence for killing prosecutors are appealing the decision saying it is too lenient. >>> a big reopening for part of schnepf farms. we'll give you a preview on what your mom always said not >>> well, your mom always told you don't play with your food but these guys are making a competition out of playing with food. every year, st. mary's food bank holds competition. the proceeds go to the food bank. what is that? >> i think it is a lego. >> we're like that is so great but what is that. i think that is a minion. you can look at the structures at the phoenix convention center and the winners will be announced later this month. weddings. >> last year the farmhouse those celebrations were held in were destroyed by a fire. they will unveil a new farmhouse. >> reporter: the fire destroyed about half the farmhouse but the entire structure had to be gutted to rebuild and create new memphis out of old memories. >> december 11, i can remember it. at

>>> a group of scuba divers ventured out near south africa but there's a problem. first problem they've gone separated from the diving instructor so you see them all motioning to go up. looks like everybody is on board. when you notice two other divers that don't look to be going up. they're about 50 feet underwater and suddenly this woman starts to panic. >> oh, no! no, no, no. calm down, calm down. >> she's taken off her mask and everything. >> she's excited. death warrant for herself taking her air off 50 feet under water. >> she's an inexperienced diver. >> you can't just ascend from 50 feet because you'll get the bends. >> at this point you have to do that though because at this point you have nothing to lose and the bends is not the worst thing that could happen. >> oh, my gosh! >> this -- not only was she panicking like we said going up that fast can be detrimental. luckily -- >> but you got to get up fast because you can't breathe. >> you either drown or you get the bends. i think the bends. >> luckily, she's okay. this video was posted last january but it'